Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

Oil Prices Continue to Decline: What Are the Key Factors?

Crude oil prices continue to decline for the third consecutive session, recording $74.10 yesterday after reaching $77.25 three days ago. Currently, oil prices are hovering near $75.00 amid prevailing uncertainty in the oil market, which is influenced by several mixed factors.

Positive Factors Supporting Oil Prices:

  • The voluntary production cuts by the OPEC+ alliance, reducing output by 2.2 million barrels per day until the end of March this year.
  • The anticipated stimulus measures from Chinese authorities, aimed at reviving the economy of the world’s largest oil importer.

Factors Limiting Oil Price Gains:

  • U.S. crude oil inventories increased by 4.070 million barrels, exceeding expectations of 2.400 million barrels but lower than the previous reading of 8.664 million barrels.
  • Talks of ending the Russia-Ukraine war, especially with former President Donald Trump mediating between the two conflicting nations.
  • A stronger U.S. dollar, which generally exerts downward pressure on oil prices.
  • Shifting market expectations regarding the Federal Reserve’s rate cuts, now anticipating only one rate cut instead of two this year. This shift is driven by strong U.S. economic performance and persistent inflation, along with Federal Reserve Chair Jerome Powell’s remarks suggesting that interest rates will remain high for the foreseeable future.

Technical Analysis:

Currently, crude oil prices are trading below the 50-day moving average (blue) at $75.75, as well as the 20-day moving average (gray) at $76.79. Additionally, there is a narrowing gap between the 20-day and 50-day moving averages, and any bearish crossover between them could indicate further downside pressure on oil prices.

Regarding the Relative Strength Index (RSI), it is currently at 45, signaling bearish momentum for crude oil prices. Furthermore, the MACD indicator shows the blue line below the Signal Line (orange), reinforcing continued downside momentum for oil prices.

Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.

 

Back

Popular Posts

Oil Falls 16% Year-to-Date Amid Economic and Trade Concerns

Read now

Continued Upward Momentum for the DAX Amid Economic Challenges

Read now

Brief Overview of Key Economic Events from Last Week

Read now

Australian Dollar Continues to Recover Amid Economic Pressures

Read now

Lorem Ipsum

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Open Account

Here are some related articles you may find interesting:

Market Insights​

April 30, 2025

Oil Falls 16% Year-to-Date Amid Economic and Trade Concerns

Oil prices dropped to $62.40 today, marking their lowest level since April 10, 2025, and are currently trading near $62.50. Prices have declined by around...

Read now
Market Insights​

April 29, 2025

Continued Upward Momentum for the DAX Amid Economic Challenges

The German DAX index continues its upward trend for the fourth consecutive session, recording 22,443 points yesterday — its highest level since April 2, 2025....

Read now
Market Insights​

April 28, 2025

Brief Overview of Key Economic Events from Last Week

Last week saw the release of several important economic indicators. U.S. initial jobless claims rose to 222,000, while crude oil inventories increased slightly by 0.244...

Read now
Market Insights​

April 25, 2025

Australian Dollar Continues to Recover Amid Economic Pressures

The Reserve Bank of Australia (RBA) held interest rates steady at 4.10% during its meeting on April 1, 2025, for the second consecutive time. Recent...

Read now

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

Open account

Disclaimer

Taurex is the trading name of Zenfinex Global Limited. Zenfinex Global Limited is part of a group of affiliated companies operating in multiple jurisdictions.

In the Seychelles, Taurex is the trading name of Zenfinex Global Limited, regulated by the Financial Services Authority in Seychelles (license number SD092). Its registered office address is F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, and its physical office address is Unit G, F28 Eden Plaza, Eden Island, Republic of Seychelles.

Zenfinex Global Limited is the issuer and seller of the financial products described or available on this website.

In the United Kingdom, Taurex is the trading name of Taurex Limited.  Taurex Limited is a company registered in England and Wales under registered number: 11077380. Authorised and regulated by the Financial Conduct Authority under firm reference number 816055. Its registered office is 4th Floor, 4 Eastcheap, London, EC3M 1AE, United Kingdom.

Risk Warning: Trading in financial instruments carries a high level of risk and may not be suitable for all investors. The value of your investments may fluctuate and you may lose all of your invested capital, especially due to leverage. You should carefully consider your investment objectives, level of experience, and risk tolerance before deciding to trade in financial instruments that may be on margin. It is your responsibility to ensure that you fully understand the risks involved and seek independent advice if necessary.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any trading activity or engaging in copy trading. Nothing in this site should be read or construed as constituting advice on the part of Taurex or any of its affiliates, directors, officers or employees.

Clients must be at least 18 years old to use Taurex’s services.

Residence: The information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Belgium, Japan or any particular country and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Taurex is the trading name of Zenfinex Global Limited, registered in the Republic of Seychelles.

Registered Office Address: F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, and its physical office address is Unit G, F28 Eden Plaza, Eden Island, Republic of Seychelles.

Regulated by the Financial Services Authority under license number: SD092

Registration No: 8428731-1

Instagram Youtube Linkedin Facebook

Markets

Accounts

About

Copyright © 2025 Taurex. All rights reserved.

We’re Sorry

Access to tradetaurex.com
is unavailable in your region

tradetaurex.com is required to abide by global laws and therefore the information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Myanmar, Belgium, Spain, France, Japan, South Korea or any particular countries and is not intended for distribution to, or use by, any person in an country or jurisdiction where such distribution or use would be contrary to local law or regulation.

1 Hour Trading Consultation